Norinchukin Bank The Raises Position in Ameriprise Financial, Inc. $AMP

Norinchukin Bank The increased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 15.3% during the first quarter, HoldingsChannel reports. The firm owned 5,205 shares of the financial services provider’s stock after acquiring an additional 689 shares during the period. Norinchukin Bank The’s holdings in Ameriprise Financial were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Ameriprise Financial by 6.9% in the fourth quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after buying an additional 50 shares during the period. Marshall Wace LLP increased its holdings in Ameriprise Financial by 1,200.6% in the 4th quarter. Marshall Wace LLP now owns 6,503 shares of the financial services provider’s stock worth $3,462,000 after acquiring an additional 6,003 shares during the last quarter. MGO One Seven LLC increased its holdings in Ameriprise Financial by 4.1% in the 4th quarter. MGO One Seven LLC now owns 3,723 shares of the financial services provider’s stock worth $1,982,000 after acquiring an additional 145 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Ameriprise Financial by 14.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 88,818 shares of the financial services provider’s stock valued at $47,289,000 after acquiring an additional 11,250 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Ameriprise Financial by 62.3% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,907 shares of the financial services provider’s stock valued at $12,814,000 after purchasing an additional 9,173 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Trading Up 2.1%

Ameriprise Financial stock opened at $515.8540 on Friday. The stock has a market cap of $48.63 billion, a P/E ratio of 16.05, a PEG ratio of 1.07 and a beta of 1.24. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $582.05. The firm’s fifty day moving average price is $521.12 and its 200-day moving average price is $506.26. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, July 24th. The financial services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business earned $8.72 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 4th. Ameriprise Financial’s dividend payout ratio is 19.91%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Morgan Stanley downgraded shares of Ameriprise Financial from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $462.00 to $530.00 in a report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a “market perform” rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Finally, William Blair cut Ameriprise Financial from an “outperform” rating to a “market perform” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $534.71.

Insiders Place Their Bets

In other Ameriprise Financial news, CEO William F. Truscott sold 9,929 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the completion of the sale, the chief executive officer directly owned 11,047 shares in the company, valued at $5,599,613.83. The trade was a 47.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.